You have been given the following information for Corkys Bedding Corp.:

a.	Net sales = $11,150,000.
b.	Cost of goods sold = $7,700,000.
c.	Other operating expenses = $130,000.
d.	Addition to retained earnings = $1,050,000.
e.	Dividends paid to preferred and common stockholders = $315,000.
f.	Interest expense = $850,000.
	The firms tax rate is 35 percent.

Calculate the depreciation expense for Corkys Bedding Corp.